Guardian Metal Resources Plc (LSE:GMET) has successfully raised approximately £15.6 million (equivalent to US$21.0 million) through an equity fundraising round led by its largest shareholder, UCAM Limited. The capital will be directed towards advancing critical activities at its Pilot Mountain and Tempiute tungsten projects, including drilling programs, engineering assessments, and permitting processes. The company aims to complete a comprehensive pre-feasibility study by the first half of 2026.
In addition to this funding, Guardian Metal Resources recently received a US$6.2 million award under the DPA Title III program, further supporting its efforts to develop a reliable domestic supply of tungsten for the United States.
About Guardian Metal Resources Plc
Guardian Metal Resources Plc focuses on the exploration and development of tungsten assets in Nevada, USA. The company’s flagship projects, Pilot Mountain and Tempiute, are strategically positioned to help restore U.S. domestic tungsten production, with particular emphasis on meeting defense industry needs.
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